Another privatized P3 success story

Moncton's new privatized "public private partnership" (P3) courthouse is scheduled to open Monday, 2½ years late and costing almost twice the original estimate.

The building was slated to open in May 2008 at a cost of $27 million, but wound up costing more than $50 million.

The courthouse was built in a public-private partnership arrangement with the Province of New Brunswick.
Citigroup Properties constructed the building and is responsible for operating and maintaining it. The city will lease the building for 30 years at $7.1 million a year.

Advocates, naturally see this as a big success.  Michel Boudreau, the head sheriff in Moncton, said Thursday that the new courthouse will mark a vast improvement over the existing one in terms of security, starting with a metal detector at the front door.  "It's hard to put a dollar amount on people's security and safety."

With this sort of outcome for Ontario P3 hospitals, however, there won't be enough money left over to provide a lot of health care in the new facilities (something they are finding out in Britain's P3 hospitals).


No comments:

Post a Comment